Latest AI News
SpaceX, Anthropic, and OpenAI’s hot IPO summer
Loading the player… The IPO market is back, and it’s not the same companies leading the charge. FAANG had a good run, but anew acronym is taking over: MANGOS— Meta (or Microsoft, depending on who you ask), Anthropic, Nvidia, Google, OpenAI, and SpaceX. Half of that bunch is heading to public markets in the same window, and it’s a stress test for investors, for valuations, and for what we can even expect from a public tech company in 2026. On this episode of TechCrunch’sEquitypodcast, hosts Kirsten Korosec, Anthony Ha, and Sean O’Kane break down what this IPO moment actually means beyond the headline numbers, and who stands to benefit. Subscribe to Equity onYouTube,Apple Podcasts,Overcast,Spotifyand all the casts. You also can follow Equity onXandThreads, at @EquityPod.
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Mistral is rumored to be raising €3B at €20B valuation
French AI lab Mistral AI is in early discussions to raise about €3 billion ($3.5 billion), BloombergreportedFriday, citing anonymous sources. The funding round would value the company at around €20 billion (about $23.15 billion), nearly double the €11.7 billion valuation itreceivedin a Series C funding round last September. One of Europe’s leading AI startups, Mistral launched in 2023 with the stated ambition to “put frontier AI in the hands of everyone.” The company has taken a more open approach to its AI development compared to its American rivals,offeringsome foundational large language models with open weights, allowing anyone to customize them as they see fit. The company also offers closed models tailored for use cases such as programming, voice cloning and generation, and optical character recognition. Lately, with European countriesdistancingthemselves from American tech, Mistral haspositioneditself as a friendlier, “sovereign” and homegrown alternative. The company is setting upa data center near Parisand has partnered withFrance’s army, thegovernment of Luxembourg, andseveralmajor Europeancompanies. Still, Mistral has only raised about $4 billion to date, per PitchBook, a fraction of what U.S. rivals OpenAI ($186 billion) and Anthropic ($161.25 billion) have taken in. These labs are also valued much, much higher, reflecting how much further American labs have pulled ahead in revenue, model adoption, and enterprise demand. Mistral did not immediately return a request for comment.
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Pine Labs Launches P3P Agentic Payment Protocol for Autonomous UPI Transactions in India
The Pine Labs Payment Protocol (P3P) was launched in India on Thursday. The financial technology company said that it is a new payment infrastructure that enables AI agents to autonomously complete UPI transactions. P3P is claimed to eliminate the need for manual authentication during payments. It is built upon the existing UPI mandate framework. As per the company, users can authorise spending rules once and let AI agents execute purchases on their behalf.
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SpaceX IPO: Everything you need to know
SpaceX has captured the attention of media, investors, and the public for years now — interest propelled by the company’s reusable rocket launches, the rise of its Starlink satellite network, and of course, for its founder and CEO Elon Musk. But in its 24-year history, nothing quite compares to this initial public offering. Everyone seems to be interested, and perhaps it’s because of the sheer size of this IPO. The company priced its 555.6 million shares at $135 each to raise $75 billio, making it the largest IPO in history. At this price, the deal also looks set to make Musk the world’s first trillionaire. TechCrunch has followed SpaceX’s start, struggles, and successes from the early days. And we’re here for what happens next too. This article will be continually updated with all of the latest SpaceX IPO news. With an offering this large, there is a lot of financial machinery operating behind the scenes — so the first question is just when the stock makes it to the market to start trading. SpaceX is debuting on NASDAQ and you can see the official NASDAQ listinghere, which will have the price of record as soon as there is one. NASDAQ also has video of the SpaceX crewringing the bell, if that’s your thing. But the price is just part of the picture. For the most up-to-the-minute information, your best bet is still financial press outlets likeBloombergandCNBC, both of which have liveblogs running and will have close coverage of anything hiccups that happen in getting the stock to market. Here we look at some of the bigger numbers, the consequential figures, and the eyewatering amounts that make up the company’s S-1 form. For instance, SpaceX lost $4.9 billion on revenues of over $18 billion in 2025. That’s only a fraction of the more than $37 billion lost since SpaceX’s inception. As CEO, Elon Musk holds about 85.1% of the company’s voting power. You can read more about that in the next section “Who wins and who doesn’t” — and we’ll continue to drop interesting numbers in here. Here is another figure that caught our attention… 4,400. That’s the number of SpaceX employees who could become millionaires,according to the NYT. Elon Musk can’t hear you over the sound of his $1.75 trillion IPO: The Equity podcast weighs in on the IPO SpaceX is the world’s largest IPO in history and means a big payday for some investors, employees, and of course, Elon Musk.How Elon Musk will increase his power through the SpaceX IPO: Musk, who will have more than 50% of the voting power, will have a monarchical grip over the publicly-traded version of SpaceX — control that goes far beyond what other tech founders enjoy. Who will benefit most from SpaceX IPO? Mostly Elon — and a few from his inner circle: Elon Musk has the largest stake in SpaceX by billions of shares, but others also stand to win. Here’s the rundown of who owns what. SpaceX SPV investors won’t know their true holdings until post-IPO lock-ups lift: After SpaceX makes its public debut, lower-tier SPV investors face hidden fees, lengthy payout delays, and the risk of outright fraud. The S-1 registration documentgave the world an unprecedented look inside SpaceX, including its financials and its various businesses. The S-1 continued to be amended as the IPO date approached, and we were on it. Here is what we found. The SpaceX IPO filing is filled with AI bets, Starship dreams, and Elon Musk at the center:The contents of the SpaceX IPO details a business dominated by its Starlink satellite internet offering, more than $37 billion in losses, and future business prospects through its xAI division. Starship’s path to reusability looks murky after SpaceX’s S-1: SpaceX’s IPO and Starship rocket test flight delivered two big data points that offer a realistic vision for the coming years — and one that may disappoint both the company’s boosters and its critics. SpaceX warns investors of future dilution, adding fuel to Tesla merger rumors: The company added new language to its S-1, a warning to prospective investors that a major dilution could be in the cards after it goes public. Leading up to the IPO, SpaceX locked in a string of deals, mostly selling off compute to improve its balance sheet. Anthropic will pay xAI $1.25B per month for compute: Initial coverage of the Anthropic deal on May 20. How long is Anthropic’s lease with SpaceX? Opinions vary:Elon Musk keeps downplaying the duration of SpaceX’s contract with Anthropic. Google will pay SpaceX $920M per month for compute: A Google representative described the deal as a short term deal addressing unexpected demand for its recently launched AI products.
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EXL Claims 94% AI Deployment Success as Enterprises Move Beyond Pilots
Executive Vice President Madhavi Dahanukar says workflow integration determines AI outcomes over experimentation.
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Construction is Slow to Embrace Automation. Flo Mobility Wants to Change That
Founded in 2021, the startup pivoted from retrofit kits to developing fully integrated robots designed for rugged terrain.
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Infosys Partners with CMMI Institute to Develop AI Maturity Framework for Enterprises
Infosys has become among the first organisations to complete its pilot assessment on the CMMI Institute’s framework.
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Karnataka to Establish 50 AI Labs in Govt Colleges to Boost Future-Ready Skills
Under the IndiaAI Mission, each laboratory will receive financial assistance of ₹68.98 lakh over three years, disbursed in three instalments
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In 2016, PM Modi Saw an AI Demo. 10 Years Later, Its Creator Says India Still Doesn’t Get AI
Prof Rajeev Sangal says while the country has demonstrated it can build at scale, it is still struggling to decide what exactly it wants to build.
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OpenAI Said to Be Considering Lower Token Pricing Amidst Growing Rivalry With Anthropic
OpenAI might be considering significantly reducing the prices it charges customers for using its AI models, according to a report. The ChatGPT maker is said to be evaluating a strategy where it may slash its token pricing, which is the usage-based metric commonly used by AI companies to bill customers. The move is reportedly driven by the company's intensifying rivalry with Anthropic, which has also been rumoured to lower its prices in the future.
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MNIT Jaipur Gets Advanced Quantum and AI Labs, Access to Lam Research’s Semiverse Platform
The Semiverse Solutions platform will enable students to study semiconductor chip structures in 3D, understand fabrication processes, and simulate manufacturing workflows in a virtual environment.
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Spain’s Theker Bags Largest Ever European Robotics Series A Funding at $85 Mn
This investment, led by CRV and joined by major players such as Samsung and LVMH, aims to enhance Theker’s AI-powered robots.
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